Hillmount Condos Blowout Prices – Grand Rapids Downtown Condos

26 03 2010

Hillmount Condos Slashing Prices on remaining developer owned units!

Hillmount condos, located at the corner of College Ave and Cherry St, have announced a great promotion to sell  their remaining developer owned units. Prices have been cut, buyer incentives offered and we really like to hear that. Hillmount condos are one of those downtown Grand Rapids condo developments that have sold well over the last year or so. Building amenities include a great roof top deck, well equipped fitness center and WiFi throughout the building. Many of the units here have been upgraded and the most of them are bright and open. These condos are located just a few minutes walk from the downtown core in Heritage Hill, close to St. Marys and Cooley Law School.

The three remaining units that the developer is offering are large, 1 bedroom condos priced as follows:

  • Unit 102-$79,900 INCLUDING FULL FINISH
  • Unit 103-$89,900 FINISHED MODEL
  • Unit 201-$99,900 VERY UPGRADED FINISHED MODEL

All three of these floor plans are the largest one bedroom floor plans in the building and also include FREE DUES FOR ONE YEAR with a $5,000 gift certificate to Klingmans or Best Buy. If you’re not familiar with Klingmans, they are an upscale furniture store here in town.

Click Here to view the available condos for sale at the Hillmount.

For more information on the downtown condo scene, how to sell your home in this tough market or buying a home or condo, visit my website at GRRealEstateInfo.com or contact me anytime.

Don’t forget the Homebuyer Tax Credit deadline is April 30th, 2010. You need to have a signed purchase agreement in place by the end of April.

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2009 Parade of Downtown Living – Downtown Grand Rapids Condo Update

8 06 2009

 

Grand Rapids Parade of Condos 2009 - June 12-14

Parade of Downtown Grand Rapids Condos If you are in the market for a downtown Grand Rapids condo and you have an afternoon to spare, the Parade of Downtown Living  is a perfect opportunity to familiarize yourself with the various buildings and locations. Open houses will be held at the Riverhouse, Hillmount, Park Row, Fitzgerald, Boardwalk and Union Square.

Admission is $10.00 for all three days. You can purchase a wristband at any of the condos on the tour and ride the shuttle buses to and from each. Parking is free and is located at the following lots:

  • City Lot Area 7 is south of Michigan and north of Pearl
  • Northwest lot is behind Boardwalk Condominiums
  • Northeast lot is located at the Park Row Condominiums on Union St

All buses will be marked Parade of Downtown Living and run every 20 minutes or so.

 

 

 Volounteers are on board each bus to point out the various city landmarks. If you would like to volounteer and get a free weekend pass, call 616-459-3133.

For more information on the downtown condo market, visit my website at GRRealEstateInfo.com or contact me any time.





You Snooze You Lose – Downtown Grand Rapids Condo Update

2 02 2009

 

 

Timing Is Everything

Timing Is Everything

 Even in this market you have to move fast when opportunity presents itself. I had posted a couple of days ago about some great deals that had just been listed. A Cityview condo foreclosure and a Monroe Terrace condo foreclosure. The Cityview condo I just knew was going to go fast and when I found out about it the morning it was listed, I notified my buyers and contacts of this great deal. I went to show it the next day and was probably going to write an offer on it today or tomorrow, but it turns out they had accepted a cash offer last Friday. Whoever got this one, scored. It did need some work to be sure, but there was nothing a good hose down, some paint and carpet couldn’t cure.

The Monroe Terrace condo at 600 Monroe Ave NW, I had been watching since it got listed. It had several price reductions and finally sold this weekend as well.

What this shows is that even in this market, these condos will sell if priced correctly and it’s a good idea to have everything ready before you start looking. With a foreclosure property, you will typically need proof of financing in the form of a pre-qualification letter from a lender and an earnest money deposit of $1000.00. I would get these ready ahead of time because it isn’t fun to find a great deal only to lose it because you couldn’t write an offer straight away.

If you have any questions about Grand Rapids real estate in general or Grand Rapids condos in particular, please visit my website or contact me any time.





Downtown Grand Rapids Condo Foreclosures

30 01 2009

 

 UPDATE: BOTH OF THESE FORECLOSURES HAVE BEEN SOLD! That didn’t take long and I am not surprised.

I have been paying more attention to the Grand Rapids short sale and Grand Rapids Foreclosure markets of late. Particularly in the short sale market as my broker, the Platinum Realty Group, has formed a relationship with a local law firm to negotiate with the banks on our clients behalf. We also have an experienced Debt Mitigation Professional in the office.

There are several downtown condo foreclosures currently on the market. There are a couple at Union Square although I believe one of them is pending. There is one condo at Monroe Terrace and one condo at Cityview condos.

Click Here to preview downtown Grand Rapids Condo Foreclosures.

Renaissance Zone Condos

Renaissance Zone Condos

 Monroe Terrace is located at 600 Monroe NW. These are loft style condos in a Grand Rapids tax free Renaissance Zone. Monroe Terrace are nice lofts featuring exposed brick, hardwood, tile and cool layouts. The foreclosure listing here is going to definitely need a little work but someone willing to use a little elbow grease could have themselves a nice loft condo downtown. The drawback on this one is that there is a billboard on the outside of the building that covers some of the windows. Not the best place in the world for a billboard. Creativity would be required here.

Cityview Condos enjoy a terrific location at 60 Monroe Center NW, the

Monroe Center Condos

Monroe Center Condos

corner of Ionia and Monroe Center in the Select Bank building. These are pretty spectacular condos with tall ceilings, large windows, granite, tile, hardwood/bamboo, rooftop deck etc. The great attraction to these condos is the location and the fact that they are in an extended tax free zone (until 2017). I showed the foreclosure listing here. It needs to be thoroughly cleaned, fresh paint, appliances, carpet, but aside from that, it is a corner unit and has some nice finishes like hardwood, ceramic tile and granite counter tops. In my opinion, this is a good deal but you will need to do some work and spend some money.

If you have any questions about the Grand Rapids real estate market, please visit my website or contact me any time. To take a tour of any of these downtown condo foreclosures, call me direct at 616-570-1871.





Monroe Center Facelift – Downtown Grand Rapids

20 01 2009

 

Epicenter of Downtown Grand Rapids Condos Getting a Facelift

Monroe Center Condos Monroe Center in downtown Grand Rapids could easily be called Condo Central. There are several condo developments in various stages of development. We have new construction condos like the affordable Fox Lofts and new executive condos like the McKay Towers. We have nearly completed projects like the Brickway Residences (already sold out) and Monroe condos. We have recently completed condos like the gorgeous 65 Monroe condos and we have several established condos like Cityview, Front Row and Peck condos. Several of these condos are located in a Grand Rapids Renaissance Zone, which means that City and State income taxes and property taxes are waived. In the extended zone, taxes are waived until 2017.

As reported by David Czurak of the Grand Rapids Business Journal, several Downtown Grand Rapids Condosbuildings on Monroe Center from the five story Kendall Building on the east end, to several historic buildings on the west end will be the recipients of long overdue renovations. Brice Bossardet of Virgin Soil LLC is working his magic on the Kendall building but he won’t be alone. Brice has done a fantastic job renovating the old building over the top of XO Asian Cuisine and converting them into the Brickway Residences. He has also rehabbed the eyesore at 65 Monroe into really incredible condo lofts and that project alone has significantly improved the look of that corner of Monroe Center.

Locus Development with John Green and Andy Winkel plan to rehab three landmark buildings which are each over 130 years old. They are looking at a $4.5 million dollar historic rehab to the upper floors of the Flat Iron, Herkner and Groskopfs buildings. The work they are planning will conform to historical renovation standards the project will seek LEED certification. Locus Development will be asking for local and state grants and state and federal tax credits to help with the project’s costs.

Developers like these with the vision and the will to carry these projects through are a definite credit to the city and developments like this will only help condo sales and property values in the downtown Grand Rapids core.

If you have any questions about the Grand Rapids real estate market in general or the downtown condo market in particular, visit my website or contact me any time.  





Nice Selection of Affordable Downtown Condos

7 01 2009

 

Affordable Downtown Grand Rapids Condos – Today’s Showings

Downtown Grand Rapids Condos It really is a great time to buy a downtown condo, or any home in West Michigan for that matter. Grand Rapids’ condo prices have been adjusting downwards and interest rates are at record lows. You can lock in a rate in the low 5% range on a condo and with inventory still high, you have a nice selection of condos in any price range with which to compare.

I recommend using a buyer’s agentwhen looking to purchase any property. A knowledgeable buyer’s agent can potentially save you thousands of dollars but more importantly, they can share with you their input and insight to the various downtown condos in Grand Rapids.

This afternoon I am showing one of my clients some really great condos in downtown area. These are affordable, well priced condos in the $160,000 and under range. We will be seeing Avenue 23, 47 Lafayette, Boardwalk condos, Waters Towers condos, the Hillmount, Cherry St Lofts and Park Row condos. I’m looking forward to it.

Click Here to Preview Today’s Showings.

If you have any questions or would like to take a tour of some downtown condos, email or call me direct at 616-570-1871.





The Fitzgerald Condos – Downtown Grand Rapids Condos

9 12 2008

 

The Fitzgerald Residences – Downtown Grand Rapids Condos

 

“Truly Luxurious, Truly Downtown”

Luxurious Downtown Condos
 If you are looking for a unique and luxurious residence downtown, then The Fitzgerald Condos will fit the bill. Located in the heart of Grand Rapids’ Entertainment District at 57 Library St, Fitzgerald Condos offer the lucky owners exquisite style and phenomenal location with the best of Grand Rapids arts, entertainment and nightlife right at your doorstep and are also close to Heritage Hill and the Medical Mile.

  

 The Fitzgerald condos are located in the old YMCA building, a classic Fitzgerald Condoscolonial revival building which was built in 1915 and which sits adjacent to the newly remodeled Grand Rapids Public Library. The building was named for William Fitzgerald, a pioneer who established a settlement along the Owashtanong River in what is now the heart of Grand Rapids. The old building was gutted on the inside to make way for the 39 new condos while saving and restoring the lovely architectural details, masonry, limestone embellishments and detailed cornice-work on the outside. It makes for a unique and pleasant combination and the developer has done a very good job in melding old-school construction with contemporary style. Alot of attention was given to the interior acoustics to make your space as quiet and as peaceful as possible.

Fitzgerald Condos Downtown Grand Rapids These downtown Grand Rapids condos range in size from 700 sq/ft to a 3600 sq/ft with 1, 2 and 3 bedrooms available. Each unit comes with a deeded, covered parking space and storage. Common area amenities include a wood-paneled library and lounge area, a beautiful park-like space on the roof with gas grills, fountains, scenic paths, a custom spa and a state of the art Fitness Center.

Other Fitzgerald Condo amenities will include acoustically insulated windows and walls, energy-efficient designer appliances, high ceilings, high-speed elevators, a variety of floor plans, outstanding views. Optional balconies and fireplaces are available as well as Penthouse suites and additional parking.

Fitzgerald Condo Amenities Downtown Grand Rapids Condos Fitzgerald Penthouse Condos

Pricing: from ~$250k – 1, 2 and 3 Bedrooms, Penthouse Suites Available
Association Fee: $0.35 sq/ft
Includes: Yard Care, Trash Pickup, Water, Sewer and Insurance
Features: Deeded Parking, Roof-Top Deck, Storage, Pets Allowed

For information on these or any other condos, visit me at GRRealEstateInfo.com or contact me any time. You can search for homes online and research the the various schools and communities around town.